XAUUSD 1D view

Price closed above channel on 1W, after bounce on 1W 100EMA in March. 1D EMAs showing golden cross. Price held the April-June demand zone for current move up, signalling large hands still in from that price - good sign as capitulation occurred March-April.

Support @
1677-1749 demand zone
1796
EMAs
1900 if it is claimed.

Resistance @
1900
1960
2000
2075
Chart PatternsTrend Analysis

Related publications

Disclaimer